New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-01-03

stock Exchange Although his demise had
10 ss Ss st yase was felt for aTse
because OF the large volume and rapidly OF his transae
and Atlantic karcad and md James f. Benedict was
elected 70 I'LL the vacancy The East Tennessee VIZ,
the boniholders Committee. as provided in the
ganzation scheme Gold shipments to Europe were re-
this port for the month exceeded S6000.000. The
stock market az stated was weak and lower during the
created Renewed activity accompanied by buoyant
tone followed; however tho more favorable conditions
provcmcnt also in the demand for railroad bonds and
material ndyance in prices marked s feature Of tns
Chicaso Operators who were conspicuous buyers OF me
aie III me MONTH when as hsh IA per cent was pia on
cali ana efforts were made by OF the leading Stock
house, to borrow money nj to42 percent for ak months
then ruling
JUNE.-lhe month was characterized by the develop
ment OF more confident feeling In general business:
The reports regarding the growing crops were In most
cases ol On exceedingly favorable character this was
especially true OF the winter wheat CROP the harvesting
OF which was earlier than usual There were rumors OF
dronths late In the month IN the spring wheat regions
aud in Texas Reports of railroad earnings were more
favorable than fora long time before the Lake shore
ons for the improvements shown. II was reported
that settement between the Nickel Plate and
and The Vanderbilt stocks prominent III the ad
vances that were made In prices Some OF the fhnces
daton and other favorable wording arrangements The
Of some Of the leading Southern roads was changed
10 the stan ard wi lth the alterations covering between
1900 aud $4,000 miles Of road. The Wabash plrcha'-
ing committee issued circular to the holders OF under
lying mortgages OF the Mississippi River asking them
To consent To reduction OF Interest To D per cent;
inc Indiana bloomington and Western road ~as placed
In the hands OF the court g. f. Henderson being APP
poi lted receiver this action almost Immediately foi
lowed dersou by the highest court OF the state of Ohio
adverse to the indianapolis, Burlington and western IN
the sit Of the Cinrinnat sandnsky and Cleveland road
Ing the Western Union Telegraph directors passed the
dividend Tor July Late In the month the Lake shore
swtchnen renewed their strike and the acton had an I'M
time; It hal previously been strong and active
with the Chicago loo still prominent in the
granger Stocks The gold exports from this port for the
month anountedt 10 nearly Sj.5OO,0o0 ON June 10 the
Bank of England reduced IT, minimum discount rate to
per cent feature OF the London money market was
decline In the open discount rate to perez t. Money
call at the stock Exchange here ruled easy NJ To
per until late In the month when there an adj
vance to per CEN, due TO the accumulation OF funds to
meet the July iyidend aud interest payments
JuLY-The month marked general improved tone IN
the crops we're better than they had been earlier IN the
month, when there was sharp speculation IN wheat
trouble among the Northwestern railroads was arranged
and rates for passengers and frcight were advanced
re,ari To the production ana te prize were m"eta,ey
advanced. The exports ~ gold ceased after the hrst
week Railroad earnings for Jnno and iGr the quarter
| a public letter criticised the Philadelphia and
ton TO the trustees Rurnnrs of settlement OF the Trans
continental proved Ia he false. Rnor" Of settlement
ports agreements between the Baltimore and ONO the
Philadelphia and Reading aud the Central OF NewJeIscy
organized Illinois Central reduced it, eniannua dvi-
drnd from per cent To percent Money on call com
fore the Of the first week II quoted li202 per
cont. Later In the month 1t was hr9er a!
! 3a3i2 per cent. silver In London declined
to lld per onnce The stock market at hrSt unset
tci AMI depressed, but 1t n"inai improved lnnng the
mouth aud without great activity or large advances,
and the unertone strong with an apparent nclcas
! Ing confidence IN railroad stocks and bonds
ATGU-T-Whilc In general cuisines, and In railroad
rrovement' IN" stock Exchange markets were unIis-
! ..I IN
cent the rulng rate early III the month there was an
advance per cent and exceptionally 10 3oH 80 per
cent, with the ruling rate ia the Last week about =
per cent The BULGARIAN d'tulb,h,e "ccaSlonc'l
an advance In the Bank 81 England rate rom 10 3l1
rcr cent but despite that the shipments OF gold nom
London to NcWIork, which began ia tc hrst week, were
continued Ia tl. end Ourow market was disturbed by
the discovered dcfaation of William Grav jr OF Boston.
The FcnnsS ana Railroad hnnnch - contract WIN
u,r Baltimore and OHIO concerning freight uau-pota-
! tuu Tr,c- Tor coal agan adyanccL The
stock market. after opening IA" month strung snf-
cre considrrh" speculative depression h,eals" of the
mni.,nrn,c events tctIcd to- but before the close ~
the month recovery figures emphatic and the tone
rlrrruniR-,hi- month Tho bp,ic.i one, thus far,
of the both Ia general Ininr-s ant IA .pcnn'i,e
tanssrii"u- heavy lh iIc "'h'i,d ~ h'N'h 'i'u "'
falatiun. corporations NJ Hartford AMI Portlhl v're
&r cent MSs o % sxr %I q, per- 9"s snt ant
per cent The rlinot" "f the month covered
ai E@""" dispute and an aSsoIuts SSiibPIs
I f f.. he r% Io, In,ulo A. the stock .cnnm m
II month "f great l'y aud sharp advances for
nearly ali classes nf stocks Thr Now York Central re-
ported H. earnings for August Si.OoooOD greater than
ior Inc sam MOI u IN So nearly all railroad,
d,i ai,".i .. wcl Nc.. lor, ami NcW ENGLAND wa,
lurkci feature ~ the speculation. and rose lom - 10
514. Lrc rose nom 81 ~ I" 31i@ New York Central
from I04- to H. LAX" shore from - 10 90 IT, Mchi
t,r central from, 49, To- oIii. ~ Panl from 81 Ia 90
Northwc.tern from l13i - Ia lo and Delaware, Lack
awaua and Western FROM $50 10 lIoi2. From
Ili, ad, nYrrs then, wr.r come declines on tho ruuor
concerning Irnns Line pools before rticutd to- The
nuIottltIur- -. loll con iuucd
o. ruu!.E The general business of the countr,
tircly and ur railroad returns continue" Ia
i,rl earning. cN''pl ~ the companies which last
year cio, ,d ,traordualy large calninrs IN October
The Bans Engpnd "h,an'cd its rat" of discount from
30 per cent {" l-f emf hu H-Pic maj tc shipments
of gold America were continued. About
- 25D.O0O received during the month. Governor
fau.son "i f"nh,y wanna n"I'--'1i II lrucr Ia thr
Aour, General 81 the -iatr upun the subject OF coal
,onhll'a%nr ana ,alwnS E%r - Nr nm .ni
Railroad New Jersey. Government ,rop rcp1rts de
tailed better r-uli, than had been anticipated The for
cen dcm"nd Tor American wheat nc n I" I'M
prove The issue of ~ silver ccrtlh'air- vas com
mcuccd Money rulcd pretty steadily AT ca per cent
for call loans d11nI tHe whole h"ht me rNtrcne cN.
crp'ns we're and 10 per cent ana the closing rate Was
5d6 per cent The stock market ~as active and boyant
~ the early part oi the MONTH ont while almost every
thing hoNcd sumo Improvement the "prcuL,tIn ran
largely To u few -pcciltcr Manhattan '"n -"ldatod
from ii L. la 10, Sew hork ana New England rom
6Gi GsN. and I;hhui"nd and West Point from = to
considerable reaction. which FOR the sioclm
which had al larsc advances amounted 10 from To 10
OF the month.
NOVEMBER All the trade rcpors from This month were
of encouraging character I'll" noN rinrnt0 OF bread
Ia the preceding months The iron trade commanded IN
ctrNStu itAthlon anu prices "'l' H""tNHH hlNH'i'
KaiIlnnl earnings showed improvements tine rrrcci
IN weeks. At the >locA Exchange there great
activity and buOyauCy III the market for -hics IN which,
II fcN 81 the low priced bonds participated. u was
In hi- month that the foundation wa li ior the heavy
line which occurred In the succeeding month"; ihllt
drlp ia and Reading advanced from 80 I" DE, Rich
mold and DanNic from $50 10 10. Richmond aud west
Pom, from % 10 = a. Memphis ana Charles on fiom ~
90 H. ,ouubH and nfcclVr from ~ 10 60 and Viz
gni, Midland rom 3oi2 To 81 There also was
narkcd Improvement In the prices OF the
more substantial stocks bu tho extraordinary
In fame occasion OF unedsincSs even before
The la lac
bat quotations nigh ~ 10 per cent and exceptionally
at per nrcqucnt toward the close Of the
month The impotts o gold continued The price OF bar
tllN cr III l0ntoi which had been gradually advancing
since II sold at I'D. touched ~ l-lGd.
DicLMiLK.1b he closing month of The year was marked
by diniuuOn in the activity and the aggregate or